Munich, April 30, 2015 – The Nemetschek Group (ISIN 0006452907) has made a dynamic start in the 2015 financial year and continues on its growth course of the previous year. Revenue and operating result both rose considerably vis-à-vis the previous year’s quarter. Parallel to this, investments continued to be made in advancing international market presence, in further developing software solutions and in addressing new customer segments.

Profitable growth course

As a whole, in the first three months of 2015, Group revenue increased by 30.5% to EUR 66.6 million (previous year period: EUR 51.0 million). The Nemetschek Group thus achieved a record high for the first three months of a financial year. Adjusted for currency fluctuations, growth was some 25%. Bluebeam Software, Inc., acquired as of October 31, 2014, contributed EUR 10.0 million to revenue growth. Purely organic growth thus remained at a high 10.9%.

Likewise, earnings before interest, taxes, depreciation and amortization (EBITDA) rose considerably by 31.9% to EUR 17.4 million (previous year’s period: EUR 13.2 million). The EBITDA margin consequently improved in the period comparison from 25.8% to 26.1%.

“We got the year off to an outstanding start, smoothly continuing the strong development of the last quarter of the previous year. The organic portfolio and our new brand Bluebeam confirm our excellent position on the AEC market. As a result, we have a very good basis for future growth,” says Patrik Heider, Spokesman and CFOO of the Nemetschek Group.

In the first three months of 2015, net income for the year (Group shares) rose by 11.7% to EUR 8.4 million (previous year’s period: EUR 7.5 million). Accordingly, the earnings per share increased from EUR 0.78 in the previous year to EUR 0.87. Adjusted for depreciation and amortization from purchase price allocation (PPA), net income for the year rose significantly by 22.0% to EUR 10.2 million (previous year’s period: EUR 8.4 million). This corresponds to an adjusted earnings per share figure of EUR 1.06 (Q1 2014: EUR 0.87 per share).

Internationalization further extended – US market in focus

The Nemetschek Group was able to further extend its growth and market presence on international markets. In total, non-domestic revenue climbed by 41.6% to EUR 43.4 million (Q1 2014: EUR 30.6 million). The US market was the major growth driver, where revenue more than tripled as a result of the Bluebeam acquisition. Domestic revenue also developed positively and rose in the first quarter of 2015 by 13.8% to EUR 23.1 million (previous year’s period: EUR 20.3 million).

Increase in revenue from software licenses and software service contracts

With a clear plus of 41.4% in the starting quarter of 2015, revenue from software licenses rose to EUR 34.4 million (previous year’s period: EUR 24.3 million). Thus, licenses made up 51.7% of total revenue (Q1 2014: 47.7%). Revenue from software service contracts increased to EUR 28.7 million, a rise of 20.6% compared to the previous year’s period (EUR 23.8 million). The proportion compared to total revenue reached 43.1% (Q1 2014: 46.6%). The two major segments secure sustainable corporate growth for the Nemetschek Group: On the one hand, license business strengthens positioning with new and existing customers; on the other hand, service contracts ensure regular revenue and high levels of design reliability.

Healthy balance sheet and high liquid reserves

As of the end of the first quarter of 2015, the Nemetschek Group demonstrated an extremely sound net asset structure and financial position. As of March 31, 2015, the equity ratio rose to 48.9% (December 31, 2014: 46.8%). Moreover, the Group had cash and cash equivalents amounting to EUR 73.5 million and a net liquidity of EUR 16.5 million. Despite the purchase of Bluebeam and a planned dividend distribution of EUR 15.4 million in total, the Nemetschek Group thus possesses sufficient liquid reserves to drive further planned growth forward organically and via acquisitions.

Development of the segments

The Design segment continued to develop very positively in the starting quarter. Revenue rose by 10.1% to EUR 46.1 million (previous year’s period: EUR 41.9 million). EBITDA improved overproportionally compared to revenue: With EUR 11.6 million it was 12.7% above the figure for the comparison period (EUR 10.3 million). The EBITDA margin rose accordingly from 24.6% to 25.1%.

As a result of the Bluebeam acquisition, the Build segment contributed the most strongly to the favorable start of the year. Revenue increased to EUR 13.8 million and was thus able to more than triple vis-à-vis the previous year’s figure of EUR 3.9 million. Organic revenue remained at the level of the previous year. EBITDA reached EUR 3.0 million (previous year’s period: EUR 0.9 million), which corresponds to an EBITDA margin of 21.8% (Q1 2014: 22.8%).

Revenue in the Manage segment rose by 12.0% to EUR 1.3 million (Q1 2014: EUR 1.2 million). As a result of growth, EBITDA was EUR 0.1 million (Q1 2014: EUR 0.2), which corresponds to an EBITDA margin of 9.8% (previous year’s period: 17.0%).

The Media & Entertainment segment showed strong growth, rising by 29.9% to EUR 5.3 million and following the figure of the previous year’s period of EUR 4.1 million. EBITDA increased to EUR 2.6 million (previous year’s period: EUR 1.8 million), which caused the EBITDA margin to reach a high 49.7% (previous year’s period: 44.2%). Investments in future growth are planned in this segment.

Outlook for the fiscal year 2015 affirmed

“Our strong start to the year shows that we are right on track for achieving the targets for the overall year 2015 and record highs in terms of revenue and earnings,” says Heider regarding prospects. On this basis, the Executive Board affirms the forecast revenue for the whole of 2015 in the range of EUR 262 to 269 million (an increase of 20% to 23%, 6% to 9% of this organic) and EBITDA amounting to between EUR 62 and 65 million.

Overview of key figures

In EUR million

Q1 2015

Q1 2014

Δ in %

Revenue

66.6

51.0

+30.5%

- Of this software licenses

34.4

24.3

+41.4%

- Of this software service

28.7

23.8

+20.6%

EBITDA

17.4

13.2

+31.9%

Margin

26.1%

25.8%

EBITA (normalized EBIT)

15.8

12.0

+31.0%

Margin

23.7%

23.6%

Net income for the year (Group shares)

8.4

7.5

+11.7%

Earnings per share in euros

0.87

0.78

+11.7%

Net income for the year (Group shares) before depreciation from purchase price allocation

10.2

8.4

+22.0%

Earnings per share before depreciation from purchase price allocation

1.06

0.87

+22.0%

Key figures by segment

In EUR million

Q1 2015

Q1 2014

Δ in %

Design

Revenue

46.1

41.9

+10.1%

EBITDA

11.6

10.3

+12.7%

Margin

25.1%

24.6%

Build

Revenue

13.8

3.9

+258.2%

EBITDA

3.0

0.9

+242.5%

Margin

21.8%

22.8%

Manage

Revenue

1.3

1.2

+12.0%

EBITDA

0.1

0.2

-35.3%

Margin

9.8%

17.0%

Media & Entertainment

Revenue

5.3

4.1

+29.9%

EBITDA

2.6

1.8

+46.0%

Margin

49.7%

44.2%

The complete 3-month report for 2015 is available for download in the Investor Relations section of the company website.

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